What is Askuity?
Askuity operates a sophisticated platform designed to revolutionize the retail supply chain by enabling automatic sharing of point-of-sale and inventory data between retailers and their vendors. This seamless data flow is instrumental in improving collaboration, optimizing execution, and driving informed decision-making across the entire supply chain. Based in Ontario, Canada, Askuity addresses critical inefficiencies in retail operations.
How much funding has Askuity raised?
Askuity has raised a total of $6.1M across 3 funding rounds:
Angel/Seed
$1.8M
Series A
$2M
Series B
$2.3M
Angel/Seed (2014): $1.8M with participation from dunnhumby Ventures and MaRS IAF
Series A (2016): $2M led by dunnhumby Ventures
Series B (2017): $2.3M supported by dunnhumby Ventures and MaRS IAF
Key Investors in Askuity
dunnhumby Ventures
dunnhumby Ventures is an investor focused on leveraging customer data science to transform business strategies for retailers and brands through targeted marketing and advertising solutions.
MaRS IAF
MaRS IAF is an investment fund that supports technology startups by providing access to capital, talent, and strategic partnerships, fostering innovation within the entrepreneurial ecosystem.
What's next for Askuity?
With a history of consistent capital raises, including seed, Series A, and Series B financing, Askuity is well-positioned for continued expansion and innovation. The recent major strategic investment signals strong confidence from its backers in the company's trajectory and its ability to further penetrate the market. Future developments are likely to focus on enhancing platform capabilities, expanding its client base, and solidifying its position as a leader in retail data collaboration solutions.
See full Askuity company page
